Why NRIs Choose Palakkad for Property
Palakkad (Palghat) is Kerala's gateway to Tamil Nadu and offers some of the most affordable property prices in the state. With large land parcels, agricultural land (for residents), and growing industrial activity, Palakkad is increasingly popular among NRIs seeking value-for-money property investment and agricultural ventures.
Best Areas to Buy Property in Palakkad as NRI
- Palakkad Town: Central; commercial and residential; good connectivity
- Ottapalam: Growing town; affordable; good appreciation
- Shoranur: Railway junction; commercial hub; good connectivity
- Mannarkkad: Forest fringe; scenic; affordable plots
- Chittur: Agricultural area; affordable; good for farm-adjacent plots
- Nemmara: Scenic; hill area; good for villas and homestays
- Malampuzha: Dam area; tourism potential; scenic
Property Prices in Palakkad 2026
- Apartments: ₹2,000 – ₹5,000 per sq ft
- Villas: ₹50 Lakhs – ₹2.5 Crore
- Plots: ₹400 – ₹6,000 per cent (among the lowest in Kerala)
FEMA Rules for NRI Property Purchase
- NRIs can freely buy residential and commercial property
- Agricultural land, plantation property, and farmhouses are prohibited for NRIs
- Payment through NRE/NRO/FCNR account or inward remittance
Stamp Duty & Registration in Palakkad
- Stamp duty: 5% of property value (+ 1% surcharge above ₹75 lakhs)
- Registration fee: 2% of property value
NRI Home Loans for Palakkad Property
Blueberry FM facilitates NRI home loans up to ₹10 Crores for property in Palakkad. Palakkad's lower property prices mean NRIs can often purchase with smaller loan amounts and lower EMIs.
NRI Home Loan Kerala | Settling in Palakkad NRI Guide | Buy Plots Kerala NRI